Result of AGM
Applied Nutrition plc announced that all resolutions presented at its Annual General Meeting on January 8, 2026, were passed by shareholders, with resolutions 1 through 14 approved as ordinary resolutions and resolutions 15 through 18 as special resolutions. Notably, the election of directors and the approval of the Directors' Remuneration Report and Policy saw overwhelming support, with votes for ranging from 99.0% to 99.99% for most resolutions. The company also received approval for market purchases of its ordinary shares and for holding general meetings on shorter notice. Controlling shareholders Thomas Ryder and Steven Granite collectively hold 40% of the voting rights, and independent shareholder votes confirmed the election of independent non-executive directors.
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Applied Nutrition plc (Company), a leading sports nutrition, health and wellness brand, announces that at the Company's Annual General Meeting held at 11:00 a.m. on 8 January 2026 (AGM), all resolutions set out in the notice of AGM (Notice) were duly passed by the requisite majority of shareholder votes by way of a poll. Resolutions 1 to 14 were passed as ordinary resolutions and resolutions 15 to 18 were passed as special resolutions. The full text of the resolutions can be found in the Notice which is available on the Company's website at: https://www.appliednutritionplc.com/results-reports-and-presentations/
The results of the poll were as follows:
| No. | Resolution | For | Against | Votes Withheld | Total issued share capital instructed | ||
|---|---|---|---|---|---|---|---|
| Number of shares | % | Number of shares | % | Number of shares | % | ||
| 1 | To receive the Annual Report and Accounts of the Company for the year ended 31 July 2025 together with the Directors' reports and auditor's report on those accounts. | 202,617,005 | 99.61 | 787,013 | 0.39 | 21,686 | 81.36 |
| 2 | To approve the Directors' Remuneration Report for the financial year ended 31 July 2025 as set out on pages 66 to 81 of the Company's Annual Report and Accounts for the year ended 31 July 2025 (excluding the Directors' Remuneration Policy). | 203,086,274 | 99.84 | 319,075 | 0.16 | 20,355 | 81.36 |
| 3 | To approve the Directors' Remuneration Policy as set out on pages 68 to 76 of the Company's Annual Report and Accounts for the year ended 31 July 2025 to take effect immediately following the AGM. | 201,567,124 | 99.1 | 1,837,229 | 0.9 | 21,351 | 81.36 |
| 4 | To elect Andy Bell as a director of the Company. | 201,090,257 | 98.86 | 2,318,054 | 1.14 | 17,393 | 81.36 |
| 5 | To elect Tony Buffin as a director of the Company. | 201,976,560 | 99.3 | 1,423,111 | 0.7 | 26,033 | 81.36 |
| 6 | To elect Peter Cowgill as a director of the Company. | 201,082,987 | 99.16 | 1,696,823 | 0.84 | 645,894 | 81.11 |
| 7 | To elect Steven Granite as a director of the Company. | 203,241,692 | 99.92 | 166,313 | 0.08 | 17,699 | 81.36 |
| 8 | To elect Marnie Millard as a director of the Company. | 201,896,810 | 99.26 | 1,510,794 | 0.74 | 18,100 | 81.36 |
| 9 | To elect Joe Pollard as a director of the Company. | 203,245,310 | 99.92 | 162,294 | 0.08 | 18,100 | 81.36 |
| 10 | To elect Thomas Ryder as a director of the Company. | 203,276,763 | 99.93 | 133,304 | 0.07 | 15,637 | 81.36 |
| 11 | To elect Deepti Velury Bakhshi as a director of the Company. | 203,400,669 | 99.99 | 7,336 | 0.01 | 17,699 | 81.36 |
| 12 | To re-appoint BDO LLP as auditor of the Company to hold office until the conclusion of the next general meeting at which accounts are laid before the Company. | 203,412,750 | 99.99 | 7,427 | 0.01 | 5,527 | 81.37 |
| 13 | To authorise the Audit and Risk Committee to determine the fees payable to the auditor. | 203,417,776 | 99.99 | 2,527 | 0.01 | 5,401 | 81.37 |
| 14 | That, in accordance with section 551 of CA 2006, the Directors be generally and unconditionally authorised to allot Equity Securities within the parameters set out in the Notice. | 192,911,204 | 94.84 | 10,502,123 | 5.16 | 12,377 | 81.37 |
| 15* | That, subject to resolution 14 being passed, the Directors be authorised to allot Equity Securities for cash as if section 561 of the CA 2006 did not apply within the parameters set out in the Notice. | 192,714,837 | 94.74 | 10,694,689 | 5.26 | 16,178 | 81.36 |
| 16* | That, subject to resolution 14 being passed and in addition to resolution 15, the Directors be authorised to allot Equity Securities as if section 561 of the CA 2006 did not apply within the parameters set out in the Notice. | 187,818,447 | 92.33 | 15,591,480 | 7.67 | 15,777 | 81.36 |
| 17* | That the Company be authorised to make market purchases of Ordinary Shares within the parameters and on the terms set out in the Notice. | 202,302,357 | 99.99 | 4,568 | 0.002 | 1,118,779 | 80.92 |
| 18* | That the Company be authorised to hold general meetings (other than annual general meetings) on not less than 14 days' notice (see Notice). | 203,325,255 | 99.95 | 96,239 | 0.05 | 4,210 | 81.37 |
* special resolution
For the purposes of the FCA Listing Rules, Thomas Ryder and Steven Granite are controlling shareholders as a result of their holding collectively 100,170,095 shares (85,662,494 and 14,507,601 respectively), representing 40% (34% and 6%, respectively) of the total voting rights in the Company. Each resolution to elect independent non-executive directors (resolutions 5, 6, 8, and 11) have under UK Listing Rule 6.2.8 been approved by a majority of the votes cast by: (i) the shareholders of the Company as a whole; and (ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholders, as set out in the table below.
| No. | Resolution | For | Against | Votes Withheld | Total issued share capital instructed | ||
|---|---|---|---|---|---|---|---|
| Number of shares | % | Number of shares | % | Number of shares | % | ||
| 5 | To elect Tony Buffin as a director of the Company. | 101,806,465 | 98.62 | 1,423,111 | 1.38 | 26,033 | 41.29 |
| 6 | To elect Peter Cowgill as a director of the Company. | 100,912,892 | 98.35 | 1,696,823 | 1.65 | 645,894 | 41.04 |
| 8 | To elect Marnie Millard as a director of the Company. | 101,726,715 | 98.54 | 1,510,794 | 1.46 | 18,100 | 41.30 |
| 11 | To elect Deepti Velury Bakhshi as a director of the Company. | 103,230,574 | 99.99 | 7,336 | 0.01 | 17,699 | 41.30 |
Notes:
Any proxy appointments giving discretion to the Chairman of the meeting have been included in the "For" total.
The Company's total number of ordinary shares in issue as at 6:00 p.m. on 6 January 2026, being the time at which a person had to be registered in the Company's register of members in order to be eligible to vote at the AGM, was 250,000,000 ordinary shares of £0.0002 each, with no shares held in treasury. Shareholders are entitled to one vote per ordinary share held. Total voting rights as at 6:00 p.m. on 6 January 2026 were therefore 250,000,000.
A copy of this announcement, will shortly be available on the Company's website at https://www.appliednutritionplc.com/regulatory-news/ and on the FCA's national storage mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
| Alma Strategic Communications (Public Relations adviser to Applied Nutrition) Rebecca Sanders-Hewett, Sam Modlin, Joe Pederzolli, Sarah Peters | T: +44 (0) 203 405 0205 appliednutrition@almastrategic.com |
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